Top 10 Universities With The Richest Alumni

As student loan bailouts rain down from Washington, we thought it may be useful to consider where the world's wealthiest University alumni are. As Private Wealth reports, following a survey of 70,000 millionaires around the world, eight of the top ten universities with the highest number of rich alumni are based in the U.S., with the U.K. home to the other two. Engineering degrees produced the most millionaires, although most engineering grads made money as entrepreneurs, the study revealed. MBAs, law, accounting, and finance degrees also led to financial success.

The universities with the richest alumni are as follows, with number one producing the most.

No. 10 - University of Pennsylvania

Billionaire Warren Buffett is an alumni of this university as is businessman and investor Ronald Perelman.

MIT-educated astronauts have been included in more than a third of the nation's space flights, including Edwin "Buzz" Aldrin and Catherine Coleman. Alfred Sloan, former chairman of General Motors, earned his degree here in 1895.

No. 6 - University of Oxford

Twenty-six British prime ministers graduated from this institution. King Abdullah II of Jordan earned a degree here, as did 50 Nobel Prize winners.

No. 5 - Columbia University

Hollywood producer David O. Selznick and fashion designer Mary McFadden graduated from this New York City university.

No. 4 - University of California

Former chief justice of the U.S. Supreme Court Earl Warren and Tom Anderson, co-founder of Myspace, are among the notable graduates of the Berkeley, Calif., campus.

No. 3 - Stanford University

The founders of Internet search site Google -- Sergey Brin and Larry Page -- are alums of Stanford, as is actress Sigourney Weaver.

No. 2 - Harvard Business School

Michael Bloomberg, former New York City mayor and founder of Bloomberg LP, earned a degree here, as did David Rockefeller, who went on to become the CEO of Chase Manhattan Bank.

No. 1 - Harvard University

The oldest university in the country claims President Barack Obama and former President John F. Kennedy among its graduates. Famous dropouts include billionaires Bill Gates, co-founder of Microsoft, and Mark Zuckerberg, founder of Facebook.

Look at all those beautiful campuses. How much of that was paid for by government subsidized student loans? Great, my tax money is used to keep the grass so green and upkeep of those beautiful buildings.